Delilasdad

Oil , Head and shoulders on daily

FX:USOIL   CFDs on Crude Oil (WTI)
3
So Here we have a nice Head and Shoulders on the daily timeframe. Price has tried to pierce the neckline but has been beaten back . So we have 2 possible outcomes . 1 To hold above the neckline and make a strong impulse to the upside , or to fall below the first daily trendline and sell off to 2nd trendline. One way or the other it will blow , our job as traders is to follow . This is just for info , maybe the impatient play would be an OCO order or just sit and wait.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.